MikeLigalig.com

By KIT BAGAIPO, The Bohol Chronicle

The rehabilitation of the former Agora Public Market is in full swing and is expected to be finished in eight months.

Actual construction works of the unfinished building started in April and is slightly behind schedule as J.L. Apostol Enterprises, the rehabilitate-operate-transfer

contractor, had to comply with building setback requirements.

The contractor will invest P60-million to rehabilitate the unfinished building, that had been started more than ten years ago, into a modern business center.

In an interview with the Chronicle, project engineer Liberato Lupot yesterday said they are presently constructing the walls and the second floor ramp of the building.

Lupot said they have adopted the building design of the city government.

However, the interior of the building will have to suit preferences of tenants.

A large part of the second floor of the business complex will be occupied by Bohol Quality Corporation (BQ Mall owner), according to Lupot.

He said the contractor and BQ Mall are now negotiating the possibility of building an overpass over CPG Avenue to link the mall to their outlet at the new business complex.

There are several applicants for the building's ground floor, said Lupot, but had to undergo a screening process with the contractor.

The third floor of the business complex is eyed as an entertainment center.

The entire complex will have elevators and parking spaces for about 60 vehicles.

Under the ROT agreement, the contractor will operate the business center for a period of 25-years.

It guarantees annual P5-million net income for the city government even if the contractor sustains losses on the first year of operations.

Income forecasts of the project shows a minimum of P8-million for its first year of operations.

Aside from the guaranteed income, the city will get revenues out of the tenants' sales tax, mayor's permit and licenses.
   



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It is the highest time to make it real, it looks already like a mausoleum. As far as I can remember, Agora remains Agoroy!
I missed so much the old market, i  had experienced the times it was 2x burned in my younger days were I was a salesgirl(Nario's sapatosan, and Fa. Salangsang from Pampanga textiles sales), i did it during vacation time as a working student (College) tig-silhig ug 2 rooms. That was a very nice life enjoying painit with tsamporado ug kinape.-sponsored by my employer. Everytime passing by that erected-unfinished bldg. reminds me of my tunay na pag-ibig sa una  :'( , tendero pod ...now he is a CPA.

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